President Trump signed the Families First Coronavirus Response Act (FFCRA) on March 18, 2020 following its passage by both houses of Congress. FFCRA includes employer mandates for expanded leave requirements under...
Read moreEvery sponsor of a traditional pension plan or a cash balance plan can be impacted by the effects of COVID-19. The impact of plan investment losses and decline in business revenue...
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IRS Issues COVID-19 Guidance
Mar 11, 2020
In response to the rapidly developing Corona virus outbreak, the IRS has issued guidance confirming that COVID-19 testing and treatment will be considered preventive care under high deductible health plans (HDHPs). ...
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Setting up your HSA Contributions
Feb 10, 2020
If you have a high deductible health plan, chances are you also considered a Health Savings Account (HSA) to help pay for out-of-pocket healthcare costs. Open enrollment has come and gone,...
Read moreOn December 20, as part of the Further Consolidated Appropriations Act, President Trump signed the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) into law. It is...
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DC Provisions of the Secure Act
Jan 14, 2020
On December 19th, President Trump signed the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) into law. This act aims to bolster retirement security with numerous provisions....
Read moreVEBA/HRAs are a valuable, fully tax-sheltered vehicle through which employees can be reimbursed for eligible medical expenses. The cost of administering both the VEBA Trust and claims reimbursement can be incurred...
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What H.R. 1865 Means for Health Plans
Jan 09, 2020
On December 20, 2019, President Trump signed H.R. 1865 into law, entitled “Further Consolidated Appropriations Act, 2020.” The legislation is a sweeping funding bill that incorporates the SECURE Act’s numerous provisions...
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New Year Planning
Jan 02, 2020
I usually start these blog posts with a cute little antidote about my family, a friend or even my dog. This one is missing that component, so I hope that’s not...
Read moreThis year, we’ve seen a significant downward trend in interest rates. Although the Federal Reserve doesn’t anticipate another interest rate cut prior to year-end, the federal funds rate was reduced three...
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